NorRock Realty Finance Corporation Announces Proposed $500,000 Private Placement
(firmenpresse) - TORONTO, ONTARIO -- (Marketwire) -- 05/09/12 -- NorRock Realty Finance Corporation (TSX VENTURE: RF.H) ("NorRock" or the "Corporation") announces a proposed non-brokered private placement for aggregate gross proceeds of up to $500,000 comprised of up to 2,000,000 Class A Shares.
The private placement is expected to close on or around May 31, 2012 and no later than July 31, 2012. The private placement is subject to regulatory approval.
NorRock intends to use the proceeds from the private placement for working capital and general corporate purposes.
NorRock Realty Finance Corporation
The Corporation is a mutual fund corporation incorporated under the laws of the Province of Ontario. The Corporation was initially created to obtain exposure to the investment performance of an actively managed portfolio of secured loans and investments in the Canadian commercial real estate sector on a tax-efficient basis.
Certain statements included in this news release constitute forward-looking statements including statements identified by the words "plan", "will" and "intend", and similar expressions or the negative thereof. The forward-looking statements are not historical facts but reflect the Corporation's current expectations regarding future results or events. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Readers are cautioned not to place undue reliance on forward-looking information. The Corporation undertakes no obligation to update publicly or otherwise revise any forward-looking statement or information except as required by law.
Neither TSX Venture Exchange nor its Regulator Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contacts:
NorRock Realty Finance Corporation
Jacqueline Boddaert
Chief Executive Officer
(416) 479-9510 x305
1-866-362-2469 (FAX)
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Unternehmensinformation / Kurzprofil:
Datum: 09.05.2012 - 18:50 Uhr
Sprache: Deutsch
News-ID 144675
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contact information:
Town:
TORONTO, ONTARIO
Kategorie:
Investment Services & Trading
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